This is a combined tale from posts I'd made orignally on Tied Up Games.
Luna is a witch who is looking to study and develop her magical powers and has come to learn from Magnus Nightfall, the Darkmagi.
The price is her physical and mental submission to him over a period of time. She is free to leave whenever she wishes but will never learn magic.
http://mail.tugstories.com/viewtopic.php?f=17&t=22606&sid=08d3bc2a7b5e6461553f53b4e3a70fd2